Author: Paul Davidson, USA TODAY

President Biden nominated Powell for second term as Fed chief, opting for continuity with inflation soaring and growth slowing.

Inflation concerns could jeopardize, or at least scale back, President Joe Biden’s signature $1.75 trillion Build Back Better legislation.

Some states have approached or surpassed their pre-COVID economies while others are lagging. South Dakota leads, New York ranks last.

Employers added more than half a million jobs in October as COVID cases declined.

Fed says it will scale back its purchases of bonds, like mortgages, as high inflation persists and the economy recovers following the COVID-19 recession.

The Federal Reserve could hint at rate hikes as it’s set to cut its bond buying stimulus in a milestone for the recovery from the COVID-19 recession.

The record job quitting in the U.S. is burdening remaining employees with more work and prompting many of them to quit too

Gross domestic product grew 2% in third quarter as COVID-19’s delta variant and supply-chain bottlenecks curtailed consumer and business spending.

An index of parking revenue provides a gauge of the economy’s recovery from the COVID-19 recession. It can also tell time and duration of activities.

Most businesses temporarily closed in pandemic have reopened, Yelp says. And 439,000 new businesses have opened in 2021, topping the 2019 total.